B. Riley lowered the firm’s price target on Stellus Capital to $13 from $14.25 and keeps a Neutral rating on the shares post the Q3 report. The analyst continues to view upside as limited with Stellus trading at 94% of net asset value against an uncertain macro backdrop, a balance sheet with above-average leverage, and less favorable positioning for lower short-term interest rate scenarios.
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Read More on SCM:
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- Stellus Capital Investment Corporation Announces $0.40 Fourth Quarter 2023 Regular Dividend, Payable Monthly in Increments of $0.1333 in November and December 2023
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